Do you have a degree in anything? Do you think it's important to pursue a music degree like a masters or doctoral or maybe only to an extent or what?
I went to college for 3 years majoring in Computer Information Systems, and took a hiatus to work for a year in order to finish later, and then in that hiatus joined Scale the Summit, which is now a career altogether. Honestly, some of the best people I've known, worked with, or come across in this business never had a "degree" in their particular field; the music industry is more about experience than academics, however, a degree will always help to have a feather in your cap when looking to excel in the industry. I find 99% of music majors to be on the educational end, and are more looking to teach at an institution, which isn't really the "music industry". But to put it plainly, I don't believe a "music performance degree" will help a single ounce if you major in guitar and think that'll help you succeed as an original band. It'll make you really good at guitar and that's about it (which is still a great thing!)
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Kabloogadie